Marine & General is set for an uptrend reversal after undergoing a bullish breakout above the MYR0.28 resistance yesterday on strong trading volume. The stock has rebounded above the 21- day SMA line, solidifying its uptrend towards the immediate resistance point of MYR0.32, followed by the next resistance level of MYR0.42. On the flip side, falling below the MYR0.26 support would negate the bullish setup.

Source: RHB Securities Research - 18 Apr 2024